Are Computer and Technology Stocks Lagging GRINDR INC (GRND) This Year?

Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Grindr Inc. (GRND) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.Grindr Inc. is a member of the Computer and Technology sector. This group includes 619 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Grindr Inc. is currently sporting a Zacks Rank of #2 (Buy).The Zacks Consensus Estimate for GRND's full-year earnings has moved 12% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.According to our latest data, GRND has moved about 70.8% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 28.1%. As we can see, Grindr Inc. is performing better than its sector in the calendar year.Another stock in the Computer and Technology sector, Meta Platforms (META), has outperformed the sector so far this year. The stock's year-to-date return is 60.8%.For Meta Platforms, the consensus EPS estimate for the current year has increased 6.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).Looking more specifically, Grindr Inc. belongs to the Internet - Software industry, which includes 145 individual stocks and currently sits at #36 in the Zacks Industry Rank. On average, this group has gained an average of 32.6% so far this year, meaning that GRND is performing better in terms of year-to-date returns. Meta Platforms is also part of the same industry.Grindr Inc. and Meta Platforms could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.Free: 5 Stocks to Buy As Infrastructure Spending SoarsTrillions of dollars in Federal funds have been earmarked to repair and upgrade America’s infrastructure. In addition to roads and bridges, this flood of cash will pour into AI data centers, renewable energy sources and more.In, you’ll discover 5 surprising stocks positioned to profit the most from the spending spree that’s just getting started in this space.Download How to Profit from the Trillion-Dollar Infrastructure Boom absolutely free today.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Grindr Inc. (GRND): Free Stock Analysis Report Meta Platforms, Inc. (META): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks